A new report by DEI consulting firm Grads of Life revealed that Black and Latino employees are less likely to reach significant career milestones despite undergoing the same training as their white peers. The survey included almost 2,000 workers from Year Up’s workforce development program, which saw many Black and Latino employees admit to not reaching significant career milestones such as promotions and salary increases. Only 36% of the people surveyed admitted to receiving a promotion in 2021, while 23% reported receiving a raise in their salary. Due to the lack of
With constant news of layoffs, hiring freezes, and restructures, we know it’s a hard time for many in the tech industry – especially people of color. When underperforming, companies retreat to what they know and who they know. They default to what is familiar, and, all too often, this means older, white men. We saw this at the peak of the pandemic, and it seems we are seeing it now. POCIT was launched to platform the stories of people of color in tech but also to create new ones. Our recruitment platform has
Women of color are skilled, ambitious, and talented yet they continue to be underrepresented in senior positions in the workplace. In a recent study involving more than 300 companies and 40,000 employees, LeanIn.Org and McKinsey & Company have shed light on some of the experiences of women in the ‘post’-pandemic workplace. Here’s what we learned about the experiences of women of color in the workplace; the challenges they face and how they are taking their careers into their own hands. The Pipeline Problem Women of color are still hugely underrepresented in
Lenovo has partnered with multi-award-winning actor, producer, recording artist, label president, and entrepreneur Queen Latifah to support small businesses. Launched last year, the tech giant’s Evolve Small program provides North American small businesses with financial aid, tech resources, community support, and business mentorship. “I understand the hardships small businesses face and how much more challenging those hardships can be for businesses owned by women and minorities,” Queen Latifah explained. “Knowing how the support I received back when I got started helped me get to where I am today – I’m excited to
Vice President Harris has announced several new initiatives to expand opportunities for underserved and disadvantaged entrepreneurs, including people of color. The announcement came as Harris joined Treasury Secretary Janet Yellen at the 2022 Freedman’s Bank Forum. What was announced? VP Harris’ latest efforts include: Government contractsA memorandum to government agencies setting individualized goals for an unprecedented 12% of 2023 federal procurement dollars to be directed towards Small, Disadvantaged Businesses. New lendersA proposed expansion of the Small Business Administration lender base by lifting the moratorium on new Small Business Lending Companies (SBLCs),
The Lip Bar Inc., the holding company for the beauty brands The Lip Bar and Thread Beauty, has closed a new funding round. The $6.7 million round, led by Pendulum, will focus on expanding The Lip Bar and Thread Beauty’s distribution as well as incubating a third beauty brand. Endeavor and The Fearless Fund also contributed to the fund. Melissa Butler, the business’ founder and Chief Executive Officer, said the round came after years of consistent growth unencumbered by the pandemic. “Our lip sales were crazy during the pandemic—we sold
Leading Black digital media brand, Black Enterprise, has released this year’s list of 40 under 40 honorees. The list celebrates young Black trailblazers across an array of sectors, including business, finance, fashion, media, and sport. It is a salute to the grit and determination it takes for Black people to rise to the top of their respective ranks so early on in their careers and in an increasingly competitive economic landscape. Among the distinguished honorees are the following five innovative Black minds in tech. All were carefully selected on the basis
Twitter has appointed Bukky Ojeifo as its new global head of culture and community following the departure of God-is Rivera, who previously held the position. In her new role, the Nigerian-American marketing expert will continue to carry the company’s mission of serving diverse voices who contribute to the public conversation on the platform. Before her new role, Ojeifo was the firm’s senior manager, global culture, and community. Her main role at the time? She guided how Twitter amplifies and engages with the underrepresented communities that use the service. Speaking to
Six months after Aziz Hasan stepped down from his chief executive role, Kickstarter has announced Everette Taylor as their new Chief Executive Officer. Taylor will take over from COO Sean Leow, who stepped up as interim CEO after Hasan announced he would be stepping down from his role after three years. Kickstarter, founded in 2009 by Perry Chen, is a crowdfunding platform that helps bring creative projects to life by directly connecting them with their communities. Over 21 million people have supported fund projects through the Kickstarter platform. “I am
From street vendor to software engineer, Devin Jackson, founder of We Build Black, is on a mission to achieve socio-economic change by offering the community tech education and professional development. We Build Black, founded in 2017 by Devin Jackson, is a non-profit organization that has evolved from a one-person-only team to a volunteer-run group that aims to support thousands of members looking to advance their careers. Unlike traditional software engineers, Jackson never went to high school or college; he instead set up his own business selling graffiti t-shirts and comedy tickets on
